Expedia Group Inc. (EXPE)
Receivables turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 13,461,000 | 13,205,000 | 13,012,000 | 12,751,000 | 12,581,000 | 12,396,000 | 12,158,000 | 11,945,000 | 11,465,000 | 11,457,000 | 10,704,000 | 9,648,000 | 8,373,000 | 6,685,000 | 5,200,000 | 3,643,000 | 4,960,000 | 6,787,000 | 8,914,000 | 11,557,000 |
| Receivables | US$ in thousands | 3,252,000 | 3,832,000 | 4,198,000 | 3,806,000 | 2,833,000 | 2,837,000 | 2,973,000 | 2,576,000 | 2,118,000 | 2,056,000 | 2,278,000 | 1,829,000 | 1,349,000 | 1,587,000 | 1,839,000 | 1,399,000 | 821,000 | 949,000 | 1,109,000 | 1,497,000 |
| Receivables turnover | 4.14 | 3.45 | 3.10 | 3.35 | 4.44 | 4.37 | 4.09 | 4.64 | 5.41 | 5.57 | 4.70 | 5.28 | 6.21 | 4.21 | 2.83 | 2.60 | 6.04 | 7.15 | 8.04 | 7.72 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $13,461,000K ÷ $3,252,000K
= 4.14
The receivables turnover ratio indicates how efficiently a company is able to collect outstanding receivables from its customers during a specific period. For Expedia Group Inc., the receivables turnover ratio fluctuated over the analyzed period.
From March 31, 2020, to June 30, 2021, the receivables turnover ratio generally increased, suggesting that the company was collecting its accounts receivable at a faster pace. This improvement indicated that Expedia Group was managing its credit policies effectively and converting credit sales into cash efficiently during this period.
However, from March 31, 2021, to December 31, 2024, the receivables turnover ratio experienced more variability. The ratio declined significantly from March 31, 2021, to June 30, 2022, which may imply potential issues in collecting outstanding receivables efficiently. Subsequently, there was some fluctuation in the ratio until December 31, 2024, where it showed a slight improvement compared to the previous quarter.
Overall, while there were fluctuations in Expedia Group Inc.'s receivables turnover ratio, the company maintained a relatively stable collection efficiency over the analyzed period. Further analysis of the reasons behind the fluctuations in the receivables turnover ratio may provide valuable insights into the company's credit management practices and customer payment behavior.
Peer comparison
Dec 31, 2024